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$7,225,000

Est. payment - /mo

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13,608 SqFt

Pending

1620 E Maple AVE El Segundo, CA 90245

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 13,608 sqft

Price per Sqft $530

MLS Listing ID PW24168324

HOA Y/N No

Year Built 1960

Lot Size 0.641 Acres

Property Description

1620 Maple Ave is a remarkable 23-unit apartment building located in the desirable El Segundo submarket. This property features a diverse unit mix, including (1) 3-bed/2-bath house, (16) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (4) studio units. Spanning 13,608 square feet on a generous 27,924 square foot lot, the building offers ample amenities, including a private swimming pool and a well-maintained shared outdoor patio complete with a BBQ and fire pit area.
Sitting at a 4.31% CAP Rate and a Gross Rent Multiplier of 13.79, this property offers a strong financial investment opportunity. It is also part of the highly-regarded El Segundo Unified School District, adding additional appeal for families. Residents benefit from a dedicated parking lot with space for 23 cars, including 9 carports, and additional overflow parking is available for guests. Conveniently situated within walking distance to vibrant downtown El Segundo, tenants enjoy easy access to a variety of restaurants, shops, and more. With the beach and LAX just a short 10-minute drive away, 1620 Maple Ave combines a prime location with desirable amenities in one of the most desirable submarkets of the South Bay.

Location

State CA

County Los Angeles

Area 141 - El Segundo

Zoning ESR3YY

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Central

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 12

Pool Private

Community Features Biking, Park

Total Parking Spaces 12

Private Pool Yes

Building

Lot Description 21-25 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4139018010

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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